Thoughts? $4 million seems pricey for the neighborhood but it's beautiful

[Anonymous]

Anonymous wrote:The small lot (quarter acre) sold 5 years ago for $930,000.

Quiet neighbors in the back

[Anonymous]

Nice, clean, neutral home. But the price seems high. Would be more interesting if the garage housed two cars and had a finished apartment above the garage.

[Anonymous]

I thought I was going to see a house in Riverwood or Country Club Hills. no way would I pay that much for that location.

[Anonymous]

Anonymous wrote:The small lot (quarter acre) sold 5 years ago for $930,000.

A quarter acre lot in that neighborhood is actually pretty big.

[Anonymous]

Anonymous wrote:And then you have this one in Lyon Village for a full $1 million less

https://www.redfin.com/VA/Arlington/1801-N-Herndon-St-22201/home/11247821

I don't think anything in the neighborhood has even sold for $3 million (although there's a giant new one on Jackson that just finished)[/quote

I don’t live there so I did a quick check. Most houses sold in Lyon village the last 3 years, about half, sold between 2-3 mill. A quarter between 1-2 mil, and another quarter between 3-4 mil. Here are a few listings in the 3 mil range -


https://www.redfin.com/VA/Arlington/3155-20th-St-N-22201/home/11247477

https://www.redfin.com/VA/Arlington/1711-N-Edgewood-St-22201/home/11247741

https://www.redfin.com/VA/Arlington/1436-N-Jackson-St-22201/home/11247921

https://www.redfin.com/VA/Arlington/1436-N-Jackson-St-22201/home/11247921

And this unbelievable crappy ones:

https://www.redfin.com/VA/Arlington/1801-N-Hancock-St-22201/home/11247773

[Anonymous]

I was talking about no homes in Lyon Park/Ashton Heights (where the OP house is located) selling for $3M+ - Lyon Village definitely has more expensive homes.

[Anonymous]

It is really beautiful and totally worth 4M. Gorgeous interior!

[Anonymous]

This reminds me of a house someone I know bought from BCN in Lyon Village last year for $3.5M. 5k sq ft, small/unimpressive lots, nice sized rooms but nothing particularly extravagant. I would ask "who buys these houses", although I know the answer because I know someone in one of them...just does not seem worth it.

[Anonymous]

What do people say about the quality of BCN homes? I see their signs everywhere and have heard the jokes about what their name stands for but never heard whether they're considered high quality or what.

[Anonymous]

Anonymous wrote:It is really beautiful and totally worth 4M. Gorgeous interior!

The realtor is here.

[Anonymous]

Not worth 4 and would never be on my radar. I look at 3/3.5 and would not even consider stretching for that.

[Anonymous]

Ashton Heights is where people who can’t afford LV live. If you can spend that kind of money on a house (that is small for that price) you would just live in LV. Who is the market for this?

[Anonymous]

For $4mil, I'd expect to not walk immediately into a staircase and be able to see into the neighbors windows.

[Anonymous]

Looks like the neighbors homes are right on top of it... house is nice but nothing special.

[Anonymous]

Anonymous wrote:Ashton Heights is where people who can’t afford LV live. If you can spend that kind of money on a house (that is small for that price) you would just live in LV. Who is the market for this?

Eh, I prefer AH to LV. It being cheaper would just be a bonus. The amount of cut through car traffic in LV is wild.